John J. Stewart & Associates of Marcus & Millichap was the exclusive sales broker for 317 West 12th Street also known as 611 Hudson Street, a three-story walk-up mixed-use building on the corner of West 12th Street and Hudson Street in the West Village.  The subject property has been owned and managed by the same family for over fifty years.  New ownership will be able to increase under-market rents and improve building operations.

The subject property measures approximately 25 feet by 37 feet totaling approximately 2,784 square feet and sits on a 25 foot by 37-foot C1-6-zoned lot.  The property has approximately 604 square feet of remaining developable rights and is part of the Greenwich Village Historic District.

The subject property contains four one-bedroom, free-market apartments and one commercial space with a sidewalk extension and private dining space in the basement.  The commercial tenant is Bar Bolonat, a Middle Eastern restaurant that received a two-star review from The New York Times.

The building sits on a strategic corner in the center of the West Village across from Abingdon Square Park, one of city’s oldest parks.  The neighborhood is one of the most desirable in Manhattan for professionals, high-net worth individuals, restaurants, bars and retailers.